If the S&P 500 breaks below 6,200, that's a sign the stock market may be headed for a more serious decline, Bank of America said.

Stocks surged Friday and the Dow closed at its first record high of the year after Federal Reserve Chair Jerome Powell signaled interest rate cuts could be on the way.

The Dow logged its first record close of the year and bond yields fell after Federal Reserve Chair Jerome Powell struck an upbeat tone on a September interest-rate cut.

Fed Chair Jerome Powell seems ready to cut interest rates in the fall but will still rely on incoming economic data about inflation and employment.

Federal Reserve Chair Jerome Powell is set to speak from Jackson Hole at 10 a.m. Investors will read into the speech for clues about interest-rate cuts and inflation. Follow along for live updates on the Dow,

U.S. stock futures rose on Friday following Thursday's declines. Futures of major benchmark indices were higher.

Oracle Corp. closed 9.39% below its 52-week high of $260.87, which the company reached on July 31st.

Stock futures are pointing to a lower open for major indexes on Thursday as investors prepare for tomorrow's highly anticipated speech from Federal Reserve Chair Jerome Powell.